IGT has concluded its four-month executive search after confirming the appointment of  Massimiliano ‘Max’ Chiara as its new Group Chief Financial Officer (CFO), effective from April 6 2020. Chiara will replace long-term CFO Alberto Fornaro, who ended his nine-year tenure last December, joining South Korean e-commerce retailer Coupang Group.

Updating investors, IGT stated that it has secured the services of a proven CFO leading financial strategy and planning for large-scale multinational enterprises.

Chiara is the former Group CFO for Dutch-Italian construction and agriculture equipment manufacturer, CNH International (Agnelli Family Group). Boasting a 25-year executive career, he has previously led group financial and treasury departments for both Fiat Chrysler Group and BOSCH Italia.

IGT also confirmed that Chiara will be joining the firm’s board of directors as an executive director, with the appointment awaiting shareholder approval. 

“We are excited to have Max join the IGT team, both as a member of my senior leadership team and as a board member,” said CEO Marco Sala. “His broad and deep background in all facets of global finance and operations, in addition to his high standards of excellence, will be tremendous assets to our organization.” 

“It is a great honor to be joining an iconic gaming industry leader,” said Chiara. “I look forward to working with IGT’s strong leadership team and assisting the company in achieving its strategic and financial goals.”